Leipzig Gohlis (ZPOC-T704222)

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The property includes 1 massive 4-storey corner building (in ribbon development). The building, made of brickwork, has 14 residential units and 2 commercial units in the ground floor. The faç, ade is plastered and painted. The property has a basement. Heating supply by central gas heating. The property is located in the Leipzig district of Gohlis, in a mixed use area. Location____________________________________________________________ General: Mixed use area In vicinity of: Primary school, secondary school / high school, transport links to local public transport, shopping facilities, nursery, hospital Description: The property is located in the city of Leipzig with approx. 520,000 inhabitants, in the district Gohlis, between Gohlis South and Gohlis Mitte, 3 km north-west of the city centre. Gohlis - South This is one of the most sought-after, tranquil and consequently most in-demand residential areas of the city. In the last five years, more than 6,000 people have moved in to the areas and the population is forecast to increase by up to 10% between 2006-2012 overall. Property near the Rosental park commands the highest premiums. Very strong demand for rentals with a typical 2 room, 50 Sqm apartment renting for 250-350 EUR net per month. Typical yields for investors tend to range from 4-8% net. Gohlis - Mitte An average area of the city, having good links to the centre and also to the ring road to the north of the city. Property around the Coppi Platz should be considered above average for the area, whilst property alongside the Georg-Schumann Strasse is average in appeal. A typical 2 room, 50 Sqm apartment rents for 220-300 EUR net per month and typical yields for investors tend to range from 6-10% net. The surrounding area is composed of family houses / mixed use buildings of similar design and age. Roadside parking is available on the adjacent streets. There are local shops and public facilities in close proximity to the building which are within walking distance or easily accessable by local public transport. The nearest tram stop is only 300 m away. The transport links to the intercity railway station, airport and motorway are all very good.Investment CharacteristicsHigh YieldLow Risk ProfilePositive CashflowGuaranteed RentalKey selling points:Beautiful Wilhelmian style building from 19008.03% yield70% finance available665 Euros per square metre

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